People’s Leasing & Finance PLC (PLC), the non-bank finance sector affiliated to the People’s Bank was recognized as one of the 10 best companies in Sri Lanka, at the ‘Best Corporate Citizen Sustainability Awards - 2018’.
The award ceremony organized annually by the Sri Lanka Board of Commerce recognizes companies dedicated towards sustainability.
The award ceremony was held for the 15th time at the Cinnamon Grand hotel, with the distinguished participation of the Speaker of the Parliamnet, Karu Jayasuriya, as the Chief Guest of the ceremony.
Speaking on PLC’s achievement at BCC Awards 2018, Mr. Sabry Ibrahim, CEO/ GM PLC said, “Best Corporate Citizen Sustainability Awards 2018 endows great value and credibility to our company. Finance, sustainability and social responsibility is the criteria set by ‘Best Corporate Citizen Sustainability Awards’ to select the best companies in a particular year. It is encouraging news for the PLC and its stakeholders, to understand PLC is within the 10 best companies in 2018.”
“PLC is a mammoth company that is dedicated towards customer satisfaction and Sri Lanka’s sustainable development. We engage in business in a socially responsible manner. This award has endorsed PLC’s sustainable forward march”.
People’s Leasing was commissioned in 1995 as a wholly owned subsidiary of one of the largest state banks in Sri Lanka, the People’s Bank.
Fitch Rating Lanka has assigned PLC a credit rating of AA- (lka) which makes PLC the highest rated Finance company in the country.
PLC is the only Sri Lankan Finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is one notch below the Sovereign from Fitch Rating International (‘B’).
PLC’s financial service product portfolio includes; leasing, auto loan, fixed deposits, saving accounts, housing and business loans, gold loans, margin trading, factoring and Islamic financial services.
People’s Leasing conglomerate consists of six subsidiaries namely, People’s Insurance PLC, People’s Micro-Commerce Ltd, People’s Leasing Property Development Ltd, People’s Leasing Fleet Management Ltd, People’s Leasing Havelock Properties Ltd and its latest foreign venture Lankan Alliance Finance Limited.
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